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Yes Bank : ED sends DHFL promoters to 14-day judicial custody till June 11

The court sent them to jail after no further remand was sought by the central investigating agency

The move by AION could affect promoter Kapil Wadhawan’s search for a strategic investor in the firm
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The Wadhawans brotherswere produced before the special court at the end of their Enforcement Directorate (ED) remand

BS Web TeamPTI New Delhi
A special court in New Delhi on Wednesday remanded DHFL promoters Kapil and Dheeraj Wadhawan, arrested by the ED in connection with money laundering probe against Yes Bank co-founder Rana Kapoor and others, to 14-day judicial custody.
They were arrested earlier this month under the provisions of the Prevention of Money Laundering Act (PMLA).
The Wadhawans brothers were produced before the special court at the end of their Enforcement Directorate (ED) remand.
The court sent them to jail after no further remand was sought by the central investigating agency.
The duo, also being probed by the ED in another money laundering probe linked to late

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First Published: May 27 2020 | 11:21 PM IST

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